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SZERZŐDÉSÍRÓ KISOKOS | Exercises | Synonyms in sales contracts

Drag the words in the light green boxes onto their synonyms in the text.

	This quiz aims at testing your knowledge of the synonyms of the most important terms of sales contracts. Your task is to drag the terms in the light green boxes onto the words they are synonymous to.
	START




		terms jointly made
	Concluded by and between A, as the Seller, on the one hand, and C, as the Buyer, on the other hand, hereinafter collectively referred to as the Parties, on the date and in the place written below and subject to the conditions specified below.




		sole folio lot
	Sellers are exclusive owners of the Real Property registered in the Land Register of the Land Registration Office at Topographical No. [Number], physically located at 11, Kossuth Lajos utca, Budapest, with a total floor space of 125 m2. A copy of the authentic Abstract of Title in the Land Register dated as of May 13, 1999 shows the following legal facts of the property.




		regard subject to registry
	Under the terms of this Contract, Seller sells and Buyer buys the Property as is, for a purchase price of EUR one million (1,000,000). With respect to the classification of the property in the Land Register the purchase price is exclusive of VAT.




		executing recorded agreement
	Upon signing this Contract, Seller has presented a real property sales contract , dated as of December 5, 2000, concluded with the owners registered in the Land Register.




		if is not may
	In the event the balance of the purchase price has not been paid by the agreed deadline, Buyer shall pay the purchase price increased by the legal rate referred to in the Civil Code calculated from the due date to the payment date. The Parties hereto agree that in the event the purchase price is not paid in full within 30 days of the due date, Seller is entitled to cancel the Contract.




		contracts retention simultaneously
	By signing this Contract, Seller consents to the registration of the sale transaction with reservation of title. Upon the payment of the purchase price in full, Seller issues its irrevocable and unconditional consent to the registration of buyer’s title of ownership to the Property, parallel to deleting its title of ownership. Buyer hereby retains Harry Hotdog Law Office to administer the registration process.




		handover deliver remarks
	Seller shall convey the Property to Buyer on the day the balance of the purchase price has been paid. The Parties shall record this delivery in writing. The utility meter positions and other comments , as may be necessary, shall also be recorded.




		has the right to should be in case of
	Upon any delay in delivery, the Parties agree to assess liquidated damages at a rate of 1% of the purchase price for each day in default, but not exceeding 10% of the purchase price. If the period of delay is more than 30 days, then Buyer may cancel the Contract.




		met expenses drawing up
	Parties hereto agree that all costs , including attorney’s fees related to the acquisition of title and drafting this Contract shall be borne by Buyer.

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